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Illustrating Interest.pptx
- 1. Opening Prayer Almighty Father, we praise and thank You for this day. Watch over us as we go about our work and studies. Help us in every way so that we may become the learners you want us to be. Amen.
- 2. Hello! I’m... Teacher Chie Subject Teacher Mathematics
- 4. Classroom Rules 1. Be prepared. Come ready to learn Have learning materials 2. Be respectful. Show respect to others and their properties. Respect yourself.
- 5. Classroom Rules 3. Be safe. Do not verbally or physically abuse or hurt anyone. Think before you do. 4. Raise your hand before speaking. 5. Do your best.
- 7. Solving Math Dilemma A restaurant owner had many customers yesterday so he earned a lot. He was thankful. In return, he wants to treat the less fortunate children outside his restaurant with a healthy meal. How can he fairly divide 10 apples among 8 children so that each child has equal share?
- 9. 5 4 3 7 4 1 1 9 7 8 2 10 6 7
- 10. Terminologies
- 11. J U M B L E D W O R D S
- 12. Unscramble the letters to discover the word
- 13. C DOR T I RE
- 14. R CRED I TO
- 15. - also known as lender; person (or institution) who invests the money or makes the funds available
- 16. RED TOB
- 17. DEB TOR
- 18. - or borrower; person (or institution) who owes the money or avails of the funds from the lender
- 19. I ME T
- 20. T I ME
- 21. - amount of time in years the money is borrowed or invested; length of time between the origin and maturity dates
- 22. A C L I P I PR N
- 23. A PR I NC I P L
- 24. - amount of money borrowed or invested on the origin date
- 25. T ARE
- 26. RA T E
- 27. - annual rate, usually in percent, charged by the lender, or rate of increase of the investment
- 28. T T ENR I S E
- 29. T I N T ERE S
- 30. - amount paid or earned for the use of money
- 31. Interest
- 33. Illustration of Simple and Compound Interest
- 34. Example
- 35. Group Activity
- 36. Bank A
- 37. Bank B
- 38. Bank A Bank B
- 39. Bank A
- 40. Bank B
- 41. Think About It Suppose you earned P10,000 from your business in your Entrepreneurship class and you plan to invest it for 3 years. A cooperative group offers 2% simple interest rate per year. A bank offers 2% compounded annually. Which will you choose and why?
- 43. Short Quiz 1. ______________ is amount of money borrowed or invested on the origin date. a. Rate c. Interest b. Time d. Principal
- 44. 2. A way of calculating interest that is computed on the principal and also on the accumulated interests. a. Calculator c. Simple interest b. Percentage d. Compound interest
- 45. 3. Why most banks use compound interest than simple interest? a. Simple interest yields more wealth than compound interest. b. Simple interest has easy formula to use with. c. Compound interest yields more wealth than simple interest. d. Compound interest is fun.
- 46. 4. True or False: Interest is charged as a percent of the principal for a definite period of time.
- 47. 5. True or False: Becoming thoroughly familiar with simple interest and compound interest may help you make more informed decisions when taking out a loan or investing.
- 48. 1. ______________ is amount of money borrowed or invested on the origin date. a. Rate c. Interest b. Time d. Principal Short Quiz
- 49. 2. A way of calculating interest that is computed on the principal and also on the accumulated interests. a. Calculator c. Simple interest b. Percentage d. Compound interest
- 50. 3. Why most banks use compound interest than simple interest? a. Simple interest yields more wealth than compound interest. b. Simple interest has easy formula to use with. c. Compound interest yields more wealth than simple interest. d. Compound interest is fun.
- 51. 4. True or False: Interest is charged as a percent of the principal for a definite period of time. TRUE
- 52. 5. True or False: Becoming thoroughly familiar with simple interest and compound interest may help you make more informed decisions when taking out a loan or investing. TRUE
Editor's Notes
- Good afternoon class. Let us start our day with a prayer. Who wants to be our prayer leader for this morning?
- Thank you. Good afternoon once again. I am Cheenee Rivera, 29 years old and a resident of Kaytambog Indang Cavite. You can call me Teacher Chie. I will be your Mathematics teacher for today.
- Let me check your attendance. Class monitor, who is absent today?
- Before we proceed, let’s have first our classroom rules. These are important to maintain peace and orderliness in our class.
- What is the image all about? - How will it grow? - Possible answer: In order to grow the seed, we need to add soil, water and sunlight, then in the long run, the seed becomes plant. Aside from this, where do you think we can use the word grow? Can we make our money grow? How? What are some ways to take care of hard-earned money? Possible answers: Buy only what you need, try to save money, decide where to invest money, and think for the future.
- Before we formally start our lesson, let us check what you already know about our lesson. To do that, let us solve this Math Dilemma. Dilemma – it is a situation wherein a difficult choice or decision has to me made
- To solve the dilemma, match the letter in Column B with the number that corresponds to the items in Column A. I will give you 5 minutes to answer this. Time starts now.
- Everybody finished? Let us check your work. All you need to do is to give me the letter of the correct answer in the corresponding number that I will tell, okay? Ready? The answer to the dilemma of the restaurant owner is to make an apple juice. Okay, very good all of you. Let us give each other a good job clap. It’s nice to know that you already have an idea abut what we will be discussing today.
- These questions are related to our topic today, which is about Interest. But before we dive into our lesson, let us first discover the terminologies that will help us to better understand the lesson.
- All you need to do is to unscramble the letters to discover the word. Just raise your hand if you want to answer.
- also known as lender; person (or institution) who invests the money or makes the funds available
- -or borrower; person (or institution) who owes the money or avails of the funds from the lender
- amount of time in years the money is borrowed or invested; length of time between the origin and maturity dates
- Who among you have heard the word interest? Can anyone tell me what an interest is?
- An interest is amount of money that is charged for the use of that money for a certain period of time.
- Today, we will be focusing on interest. Again, --
- I have here a representation of simple and compound interest. Let’s watch this video.
- For better understanding, let’s dive into this illustrative examples. Simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. While compound interest accrues and is added to the accumulated interest of previous periods, so borrowers must pay interest the interest as well as principal. Compound interest – interest on interest
- Now, we will have a game. Before I give you the instructions, I will group you into two. (row 1, row 2) So I want you to form your circles. At the count of 5, please settle with your group. 5 4 3 2 1. Are we all good? Okay. Here are the materials that you can use for our games. This activity is so easy. Group 1 will compute for the interest offered by Bank A, while group 2 will compute for the interest offered by Bank B. occupy the space in front, clap hands when done
- Now, we will have a game. Before I give you the instructions, I will group you into two. (row 1, row 2) So I want you to form your circles. At the count of 5, please settle with your group. 5 4 3 2 1. Are we all good? Okay. Here are the materials that you can use for our games. This activity is so easy. Group 1 will compute for the interest offered by Bank A, while group 2 will compute for the interest offered by Bank B.
- Now, we will have a game. Before I give you the instructions, I will group you into two. (row 1, row 2) So I want you to form your circles. At the count of 5, please settle with your group. 5 4 3 2 1. Are we all good? Okay. Here are the materials that you can use for our games. This activity is so easy. Group 1 will compute for the interest offered by Bank A, while group 2 will compute for the interest offered by Bank B.
- 1. Compare the two banks, which bank gives the greater balance? 2. Which bank should Bea choose and why?
- 1. Compare the two banks, which bank gives the greater balance? 2. Which bank should Bea choose and why?
- Compare the two banks, what have you observed? Which bank gives the greater balance? Which bank should Bea choose and why?
- What is the difference between simple and compound interest? Possible answer: Simple interest remains constant throughout the investment term. In compound interest, the interest from the previous year also earns interest. Thus, the interest rows every year
- What have you learned from our topic that you can apply in your everyday life as a student? Possible answer: We learned that as students, we should save money. And through investing in banks with interest, we will be able to earn more money.
- Let’s have a short quiz to check if you really learned something today. Get a ¼ sheet of paper.
- Let’s have a short quiz to check if you really learned something today. Get a ¼ sheet of paper.
- That’s all for today. Thank you so much class for your cooperation.
- Our quote for today